(Reuters) – Broadcom Inc forecast second-quarter revenue above estimates on Thursday, as increased investments in artificial intelligence spurs demand for its chips used in data centers.
The chip designer expects current-quarter revenue to be about $8.7 billion, while analysts on average expect $8.59 billion, according to Refinitiv data.
(Reporting by Chavi Mehta in Bengaluru; Editing by Shinjini Ganguli)
